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Isystems Holdings, LLC, et al. – ‘4’ for 6/18/18 re: Asure Software Inc.

On:  Monday, 6/18/18, at 4:53pm ET   ·   For:  6/18/18   ·   Accession #:  899243-18-17018   ·   File #:  1-34522

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/18/18  Isystems Holdings, LLC            4                      1:13K  Asure Software Inc.               Donnelley Fin’l S… 06/FA
          Silver Oak Services Partners, LLC
          Silver Oak Management II, L.P.
          Silver Oak Services Partners II, L.P.
          Silver Oak Isystems, LLC
          Barr Gregory M

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Form 4 Submission -- doc4.xml/3.6                   HTML      3K


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
XML Data rendering:  Form 4 Submission
 
                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<ownershipDocument>
<schemaVersion> X0306 </schemaVersion>
<documentType> 4 </documentType>
<periodOfReport> 2018-06-18 </periodOfReport>
<notSubjectToSection16> 1 </notSubjectToSection16>
<issuer>
<issuerCik> 0000884144 </issuerCik>
<issuerName> ASURE SOFTWARE INC </issuerName>
<issuerTradingSymbol> ASUR </issuerTradingSymbol>
</issuer>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik> 0001708299 </rptOwnerCik>
<rptOwnerName> ISYSTEMS HOLDINGS, LLC </rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1> C/O SILVER OAK SERVICES PARTNERS LLC </rptOwnerStreet1>
<rptOwnerStreet2> 1560 SHERMAN AVENUE, SUITE 1200 </rptOwnerStreet2>
<rptOwnerCity> EVANSTON </rptOwnerCity>
<rptOwnerState> IL </rptOwnerState>
<rptOwnerZipCode> 60201 </rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector> 0 </isDirector>
<isOfficer> 0 </isOfficer>
<isTenPercentOwner> 1 </isTenPercentOwner>
<isOther> 0 </isOther>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik> 0001708253 </rptOwnerCik>
<rptOwnerName> SILVER OAK SERVICES PARTNERS, LLC </rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1> 1560 SHERMAN AVENUE, SUITE 1200 </rptOwnerStreet1>
<rptOwnerStreet2></rptOwnerStreet2>
<rptOwnerCity> EVANSTON </rptOwnerCity>
<rptOwnerState> IL </rptOwnerState>
<rptOwnerZipCode> 60201 </rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector> 0 </isDirector>
<isOfficer> 0 </isOfficer>
<isTenPercentOwner> 1 </isTenPercentOwner>
<isOther> 0 </isOther>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik> 0001708254 </rptOwnerCik>
<rptOwnerName> SILVER OAK MANAGEMENT II, L.P. </rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1> C/O SILVER OAK SERVICES PARTNERS LLC </rptOwnerStreet1>
<rptOwnerStreet2> 1560 SHERMAN AVENUE, SUITE 1200 </rptOwnerStreet2>
<rptOwnerCity> EVANSTON </rptOwnerCity>
<rptOwnerState> IL </rptOwnerState>
<rptOwnerZipCode> 60201 </rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector> 0 </isDirector>
<isOfficer> 0 </isOfficer>
<isTenPercentOwner> 1 </isTenPercentOwner>
<isOther> 0 </isOther>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik> 0001526290 </rptOwnerCik>
<rptOwnerName> SILVER OAK SERVICES PARTNERS II, L.P. </rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1> C/O SILVER OAK SERVICES PARTNERS LLC </rptOwnerStreet1>
<rptOwnerStreet2> 1560 SHERMAN AVENUE, SUITE 1200 </rptOwnerStreet2>
<rptOwnerCity> EVANSTON </rptOwnerCity>
<rptOwnerState> IL </rptOwnerState>
<rptOwnerZipCode> 60201 </rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector> 0 </isDirector>
<isOfficer> 0 </isOfficer>
<isTenPercentOwner> 1 </isTenPercentOwner>
<isOther> 0 </isOther>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik> 0001708255 </rptOwnerCik>
<rptOwnerName> SILVER OAK ISYSTEMS, LLC </rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1> C/O SILVER OAK SERVICES PARTNERS LLC </rptOwnerStreet1>
<rptOwnerStreet2> 1560 SHERMAN AVENUE, SUITE 1200 </rptOwnerStreet2>
<rptOwnerCity> EVANSTON </rptOwnerCity>
<rptOwnerState> IL </rptOwnerState>
<rptOwnerZipCode> 60201 </rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector> 0 </isDirector>
<isOfficer> 0 </isOfficer>
<isTenPercentOwner> 1 </isTenPercentOwner>
<isOther> 0 </isOther>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik> 0001259848 </rptOwnerCik>
<rptOwnerName> BARR GREGORY M </rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1> C/O SILVER OAK SERVICES PARTNERS LLC </rptOwnerStreet1>
<rptOwnerStreet2> 1560 SHERMAN AVENUE, SUITE 1200 </rptOwnerStreet2>
<rptOwnerCity> EVANSTON </rptOwnerCity>
<rptOwnerState> IL </rptOwnerState>
<rptOwnerZipCode> 60201 </rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector> 0 </isDirector>
<isOfficer> 0 </isOfficer>
<isTenPercentOwner> 1 </isTenPercentOwner>
<isOther> 0 </isOther>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable>
<nonDerivativeTransaction>
<securityTitle>
<value> Common Stock, par value $0.01 </value>
</securityTitle>
<transactionDate>
<value> 2018-06-18 </value>
</transactionDate>
<deemedExecutionDate></deemedExecutionDate>
<transactionCoding>
<transactionFormType> 4 </transactionFormType>
<transactionCode> S </transactionCode>
<equitySwapInvolved> 0 </equitySwapInvolved>
</transactionCoding>
<transactionTimeliness>
<value></value>
</transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value> 500000 </value>
<footnoteId id="F1"/>
</transactionShares>
<transactionPricePerShare>
<value> 16.45 </value>
<footnoteId id="F2"/>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value> D </value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 1026332 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> I </value>
</directOrIndirectOwnership>
<natureOfOwnership>
<value> See Footnotes </value>
<footnoteId id="F3"/>
<footnoteId id="F4"/>
<footnoteId id="F5"/>
</natureOfOwnership>
</ownershipNature>
</nonDerivativeTransaction>
</nonDerivativeTable>
<footnotes>
<footnote id="F1"> Represent shares of Asure Software Inc.'s (the "Issuer") common stock sold in an underwritten secondary offering. </footnote>
<footnote id="F2"> Represents the sale price to the underwriters in the secondary offering of $16.45 per share. </footnote>
<footnote id="F3"> These shares are held directly by iSystems Holdings, LLC. ("Holdings"). Silver Oak iSystems, LLC ("iSystems LLC") is the owner of a controlling interest in Holdings and has the right to appoint a majority of the managers of Holdings. Silver Oak Services Partners II, L.P. ("SOSP II") is the sole member of iSystems LLC. Silver Oak Management II, L.P. ("SOM II") is the general partner of SOSP II. Silver Oak Services Partners, LLC ("SOSP LLC") is the general partner of SOM II. Daniel M. Gill and Gregory M. Barr are the sole members of SOSP LLC, each owning a 50% interest in SOSP LLC, who acting together, have the power to direct the decisions of SOSP II regarding the vote and disposition of securities held directly by Holdings. </footnote>
<footnote id="F4"> (Continued from footnote 3) Consequently, iSystems LLC, SOSP II, SOM II, SOSP LLC, Mr. Gill and Mr. Barr may be deemed to be an indirect beneficial owner of the shares held directly by Holdings. iSystems LLC, SOSP II, SOM II, SOSP LLC, Mr. Gill and Mr. Barr expressly disclaim beneficial ownership of shares held directly by Holdings, except to the extent of their respective pecuniary interests therein. </footnote>
<footnote id="F5"> As a result of this transaction, Holdings, iSystems LLC, SOSP II, SOM II, SOSP LLC and Mr. Barr have direct or indirect ownership of the Issuer of less than 10% and are no longer subject to Section 16 reporting with respect to the Issuer. Mr. Gill continues to be subject to Section 16 reporting in his capacity as a Director of the Issuer. Mr. Gill is filing a separate Form 4 for this transaction. </footnote>
</footnotes>
<remarks></remarks>
<ownerSignature>
<signatureName> iSystems Holdings, LLC, By: /s/ Daniel M. Gill, President </signatureName>
<signatureDate> 2018-06-18 </signatureDate>
</ownerSignature>
<ownerSignature>
<signatureName> Silver Oak Services Partners, LLC, By: /s/ Daniel M. Gill, Managing Partner </signatureName>
<signatureDate> 2018-06-18 </signatureDate>
</ownerSignature>
<ownerSignature>
<signatureName> Silver Oak Management II, L.P., By: Silver Oak Services Partners, LLC, its GP, By: /s/ Daniel M. Gill, Managing Partner </signatureName>
<signatureDate> 2018-06-18 </signatureDate>
</ownerSignature>
<ownerSignature>
<signatureName> Silver Oak Services Partners II, L.P., By: Silver Oak Management II, L.P., its GP, By: Silver Oak Services Partners, LLC, its GP, By: /s/ Daniel M. Gill, Managing Partner </signatureName>
<signatureDate> 2018-06-18 </signatureDate>
</ownerSignature>
<ownerSignature>
<signatureName> Silver Oak iSystems, LLC, By: /s/ Daniel M. Gill, President </signatureName>
<signatureDate> 2018-06-18 </signatureDate>
</ownerSignature>
<ownerSignature>
<signatureName> /s/ Gregory M. Barr </signatureName>
<signatureDate> 2018-06-18 </signatureDate>
</ownerSignature>
</ownershipDocument>


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